Business, general

Steel (general) industry

Article Abstract:

The steel industry is expected to mirror the general slowdown of the economy, especially in the areas of business expansion, and the industry should grow at steady rates of between 2% and 2.5% through mid-1998. The steel industry retains strong tonnage levels, a solid order book, enhanced productivity, a consistent price structure and increasingly diverse sales patterns, and the non-integrated steel segment are expected to gain profits more quickly.

Steel (general) industry

Article Abstract:

The US economy is expected to remain buoyant in the remainder of 1998, but there should be moderation in growth by the end of 1999. The steel industry has expanded during the 1990s in both capacity and earnings, but the Asian economic crisis may have an impact. Investors will find several prospects in steel industry stocks given the forecast rise in earnings and structural changes, although the industry is not timely in mid-1998.